This is the third price hike from Maruti Suzuki India this year. Earlier, the company had increased the prices of vehicles in January 2021 and in April 2021 for select models.
Maruti Suzuki India, through a regulatory filing, has announced that it will increase the prices of the Swift hatchback and the entire CNG model line-up by up to Rs 15,000. The new prices will come into effect from today, July 12, 2021, the carmaker said in its Bombay Stock Exchange (BSE) filing, adding that the price hike is mainly due to increase in various input costs. The company is also planning to increase the price of the second petrol model in its line-up and an announcement regarding the same is expected to be made soon.
In its regulatory filing, Maruti Suzuki India said, “With reference to our earlier communication dated 21 June 2021, Maruti Suzuki India Limited today announced changes in prices for Swift and all CNG variants due to increase in various input costs. Increase in Ex-showroom Prices (Delhi) have been increased by up to 15,000 on the said models. The new prices are effective from today i.e. 12 July 2021. Price hike in other models is also planned and will be informed soon.”
Earlier in June 2021, Maruti Suzuki India had announced plans to increase the prices of its vehicles in the second quarter of FY 2022. At that time, the company did not disclose the increased prices but did mention that the effect of increase in input cost was to be passed on to the customers. This is the third price hike from the Indo-Japanese carmaker this year. Earlier in January 2021, the company had increased the prices for select models by up to Rs 34,000 and once again in April 2021, the prices of the vehicles were increased. On both the occasions, the carmaker had cited increase in input cost as the reason for the increase in prices.
Currently, Maruti Suzuki Alto, S-Presso, Celerio, Wagon R, Eeco and Ertiga are offered in CNG options. While Swift, DZire and Vitara Brezza are available only with the petrol model.